Shore Capital Reaffirms Hold Rating for Auto Trader Group (AUTO)
Auto Trader Group (LON:AUTO)‘s stock had its “hold” rating reissued by Shore Capital in a research report issued on Thursday.
AUTO has been the subject of several other research reports. Peel Hunt reaffirmed an “add” rating and set a GBX 400 ($5.10) price target on shares of Auto Trader Group in a research note on Thursday, April 19th. Berenberg Bank raised Auto Trader Group to a “hold” rating and lifted their price target for the stock from GBX 350 ($4.46) to GBX 365 ($4.66) in a research note on Friday, June 8th. JPMorgan Chase & Co. lifted their price target on Auto Trader Group from GBX 326 ($4.16) to GBX 328 ($4.18) and gave the stock an “underweight” rating in a research note on Friday, July 13th. Barclays lifted their price target on Auto Trader Group from GBX 415 ($5.29) to GBX 435 ($5.55) and gave the stock an “overweight” rating in a research note on Friday, June 8th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 415 ($5.29) price target on shares of Auto Trader Group in a research note on Tuesday, May 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. Auto Trader Group currently has an average rating of “Hold” and an average target price of GBX 409.53 ($5.22).
LON:AUTO opened at GBX 446.60 ($5.70) on Thursday. Auto Trader Group has a 52-week low of GBX 313 ($3.99) and a 52-week high of GBX 445 ($5.68).
Auto Trader Group plc operates in the digital automotive marketplace in the United Kingdom and Ireland. It offers its products to retailers and home traders, and logistics firms; vehicle advertisement on its Websites for private sellers, as well as insurance and loan financing products to consumers; and display advertising on its Websites for manufacturers and their advertising agencies.
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